Correlation
The correlation between MEGBX and SPY is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
MEGBX vs. SPY
Compare and contrast key facts about MFS Growth Fund (MEGBX) and SPDR S&P 500 ETF (SPY).
MEGBX is managed by MFS. It was launched on Dec 29, 1986. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MEGBX or SPY.
Performance
MEGBX vs. SPY - Performance Comparison
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Key characteristics
MEGBX:
0.32
SPY:
0.57
MEGBX:
0.61
SPY:
0.87
MEGBX:
1.08
SPY:
1.13
MEGBX:
0.33
SPY:
0.55
MEGBX:
1.04
SPY:
2.11
MEGBX:
7.44%
SPY:
4.91%
MEGBX:
24.28%
SPY:
20.35%
MEGBX:
-72.59%
SPY:
-55.19%
MEGBX:
-7.85%
SPY:
-5.23%
Returns By Period
In the year-to-date period, MEGBX achieves a -2.06% return, which is significantly lower than SPY's -0.89% return. Over the past 10 years, MEGBX has outperformed SPY with an annualized return of 13.27%, while SPY has yielded a comparatively lower 12.57% annualized return.
MEGBX
-2.06%
8.15%
-1.95%
6.67%
17.88%
12.47%
13.27%
SPY
-0.89%
5.93%
-2.13%
10.77%
15.38%
16.09%
12.57%
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MEGBX vs. SPY - Expense Ratio Comparison
MEGBX has a 1.59% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MEGBX vs. SPY — Risk-Adjusted Performance Rank
MEGBX
SPY
MEGBX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Growth Fund (MEGBX) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
MEGBX vs. SPY - Dividend Comparison
MEGBX's dividend yield for the trailing twelve months is around 20.73%, more than SPY's 1.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEGBX MFS Growth Fund | 20.73% | 20.31% | 7.21% | 1.51% | 3.91% | 4.94% | 2.13% | 5.40% | 3.26% | 2.03% | 4.61% | 4.83% |
SPY SPDR S&P 500 ETF | 1.24% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MEGBX vs. SPY - Drawdown Comparison
The maximum MEGBX drawdown since its inception was -72.59%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MEGBX and SPY.
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Volatility
MEGBX vs. SPY - Volatility Comparison
MFS Growth Fund (MEGBX) has a higher volatility of 4.79% compared to SPDR S&P 500 ETF (SPY) at 4.45%. This indicates that MEGBX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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